Facebook files for highly anticipated IPO
Facebook filed papers Wednesday to become a public company, revealing financial information that attests to the social network's phenomenal growth.
The IPO is the most anticipated public offering in a decade, with the company looking to bring in $5 billion in investment.
Morgan Stanley, J.P. Morgan, Goldman Sachs and three other financial firms are underwriting the deal, according to papers filed with the U.S. Securities and Exchange Commission.
The publicly available version of the SEC filing does not give a proposed date for the IPO. Facebook has not yet released its expectations for the initial stock price. Read more...
Big businesses take a small bite of the Apple
On the surface, USAA looks like a prime example of how Apple is making new inroads into large enterprises. The financial services company has deployed more than 500 iPhones and 300 iPads, has about 200 Macintosh computers, and it's considering bringing in more Macs to displace some of its Windows desktops.
San Antonio-based USAA has also released a customer-facing app for iPhones and iPads, and it's considering developing others for internal use. "There seems to be a simmering demand for them, and some good business cases," says Mike Pansini, assistant vice president of IT infrastructure architecture at USAA.
But as is the case at many large companies, USAA's relationship with Apple is more measured than it might first appear. Read more...